Monday, November 16, 2015

HFF secures $33.65 million financing for 1.7 million-square-foot industrial portfolio in Minnesota and Wisconsin

Biynah Industrial Portfolio

CHICAGO, IL, Nov. 16, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $33.65 million in acquisition financing for a three-property industrial portfolio totaling 1.7 million square feet near Minneapolis, Minnesota, and Green Bay, Wisconsin. 

HFF worked on behalf of the borrower, a joint venture between Biynah Industrial Partners and Alex. Brown Realty, Inc., to place the three-year, floating-rate loan with three one-year extensions with Realty Finance Trust. 

Matthew Schoenfeldt
The 100-percent-occupied portfolio contains one property in Minnesota and two in Wisconsin, all highly-functional, modern warehouse facilities with proximity to interstates.

 The Minnesota property is located at 435 Park Court in Lino Lakes and is proximate to Interstate 35W.  The Wisconsin properties are 5929 Packer Drive in Menomonie and 1731 Industrial Parkway in Marinette. 

The HFF debt placement team was led by managing director Matthew Schoenfeldt.

“Biynah Industrial Partners and Alex. Brown Realty manufactured a fantastic warehouse portfolio here, coordinating between multiple property sellers and the demanding corporate tenants that are in place,” Schoenfeldt said.

 “With a basis more than 25 percent below replacement cost and an unlevered yield in excess of 8.5 percent, this portfolio represents value-investing at its finest.  Realty Finance Trust immediately embraced the borrowers’ strategy and delivered a fantastic execution, from application to close.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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